Trump Hikes Tariffs on South Korea to 25% Over Unimplemented Trade Deal

• Donald Trump announced a tariff increase to 25% on South Korean goods, including automobiles, timber, and pharmaceuticals.
• The decision stems from South Korea's failure to implement a trade deal, with Trump criticizing the South Korean parliament.
• Trump stated on Truth Social that the South Korean parliament has not approved the trade agreement despite prior reconfirmations.
• The tariff hike will significantly impact South Korean automakers like Hyundai Motor and Kia, who export heavily to the US.
• South Korea's exports to the US declined by 3.8% in 2025, with automobile exports dropping by 13.2%.

Why It Matters: Trump raised tariffs on South Korea to 25% due to the non-implementation of a bilateral trade agreement.